Archer Daniels Reports Preliminary Q3 Results, Trims 2024 EPS Outlook
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Archer Daniels Midland (ADM) reports preliminary Q3 2024 results, with its Nutrition business underperforming due to weaker market conditions. The company also lowers its EPS outlook for 2024.
November 05, 2024 | 7:30 pm
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Archer Daniels Midland (ADM) reports preliminary Q3 2024 results, with its Nutrition business underperforming due to weaker market conditions. The company also lowers its EPS outlook for 2024.
ADM's preliminary Q3 results indicate underperformance in its Nutrition business, which is a significant segment for the company. The weaker market conditions have led to a reduction in the 2024 EPS outlook, suggesting potential challenges ahead. This news is likely to negatively impact ADM's stock price in the short term as investors react to the lowered expectations.
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